Economic Outlook for 2024

The video discusses the economic outlook for 2024, highlighting the resilience of the economy in 2023 despite recession fears. Inflation is decreasing but remains above the Federal Reserve's target, affecting interest rates. The housing market is expected to improve as mortgage rates potentially decrease. The stock market performed well in 2023, driven by tech and AI investments. The job market is strong but cooling, aligning with Federal Reserve goals to manage inflation.

What was the unexpected economic theme of 2023?

• Decline

• Recession

• Stagnation

• Resilience

What is the Federal Reserve's target inflation rate?

• 4%

• 3%

• 2%

• 1%

Which of the following is NOT a potential action the Federal Reserve might take in 2024?

• Cut interest rates

• Keep interest rates high

• Eliminate interest rates

• Raise interest rates

What is expected to happen to the housing market in 2024?

• It will remain frozen

• It will thaw and improve

• It will collapse

• It will become more competitive

Why have first-time home buyers struggled in the current market?

• High mortgage rates

• Lack of available homes

• High down payment requirements

• Strict lending criteria

What was the approximate growth percentage of the S&P 500 in 2023?

• 5%

• 10%

• 18-19%

• 25%

Which sector is expected to drive future stock market growth?

• Energy

• Healthcare

• Retail

• Technology and AI

How did the job market perform in 2023?

• It declined significantly

• It grew rapidly

• It was strong but cooling

• It remained stagnant

What was the Federal Reserve's goal in raising interest rates?

• To reduce government debt

• To boost employment

• To cool the economy

• To increase inflation

How many jobs were created in 2023?

• 3 million

• More than 2.5 million

• 2 million

• 1 million